Financial planners are advising self-managed super fund clients to hold tight or even take advantage of the severe share market ructions.

On Monday, the Australian sharemarket recorded its worst day since the depths of the financial crisis, with the S&P/ASX 200 Index closing down 4.1 per cent at 5001. Investors continued the sell down during the first ten minutes of trading on Tuesday, before buyers returned to the market sparking a recovery to above 5100 in the early afternoon.